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- IITs are wrapping up the Pre-Placement Offers (PPOs) for current academic year.
- Class of 2018 at IITs has recorded a rise in PPOs as compared to previous batches.
- Recruiters are moving towards PPO hiring to test skills of candidates beforehand.
The current pre-placement season at Indian Institutes of Technology has turned out to be extremely fruitful with a large number of students securing employment opportunities in the form of PPOs, particularly in the core sectors. Institutes such as IIT Kharagpur, IIT Guwahati, IIT Bombay and IIT Roorkee witnessed 25% increase in the Pre-Placement Offers (PPOs) in the core engineering sectors - such as infrastructure, manufacturing, petroleum and mining.
IITs have witnessed a significant growth in PPOs for the first time, specifically in the core sectors. The improvement in PPOs was a result of institutes’ push over the last few years to encourage more core companies at the campuses. For instance, IIT Kharagpur received 60 PPOs in core sector this year as against last year's 48.
Also Read: - Detailed Report on IIT Delhi Placements 2017
On the other hand, students are opting for jobs that are available in the core sector so that they can use their competencies and at the same time learn more while on the job. Even though the non-core sectors offer higher packages, students prefer jobs in core sectors - especially with the fact now that core sectors have huge potential in projects like ‘Smart Cities’ and ‘Make in India’. It is also expected that the GDP contribution by core sectors will increase to 25% from the current 16% by the year 2022.
A placement officer associated with IIT Roorkee pointed that initiatives like ‘Make in India’ would also attract investments that will make India a global manufacturing hub.
IIT Pre-Placement Offers (PPOs) - Major Highlights:
- The number of PPOs offered in Research & Development (R&D) has increased by 80% in IIT Bombay in the last one year as majority students prefer R&D for summer internships.
- Similarly, IIT Delhi also witnessed 80% PPOs from core sectors. The recruitments in this sector (as far as PPOs concerned) are always high at IIT Delhi.
- IIT Guwahati also witnessed 20% PPOs from core sector this year. So far, IIT Guwahati received 105 PPOs. Reputed companies like Wipro, Tata Steel, Samsung, Reliance Industries etc., offered PPOs to its students.
- This year, Finance and FMCG sectors offered fewer jobs. The number of PPOs offered in Finance sector decreased by 16% at IIT Bombay. Usually, FinTech companies and investment banks are the major recruiters that offer PPOs at IIT Bombay.
Also Read: - All IIT Placement Committee (AIPC) Revokes Ban on 30 Companies
PPOs lead to permanent jobs for the interns who are considered well suited for the requirements of the company. The final placement season at IITs will formally begin in December where, again, core sector companies are expected to take part.
